Market Report
Matomy Media progresses after quitting unprofitable sectors
Matomy Media Group issued its financial results for the third quarter ended 30 September on Wednesday, reporting revenue before bad debt of $103. 3m and bad debt of $2. 3m.
Radisson Hospitality AB shareholders told not to accept Jin Jiang offer
Shareholders of Radisson Hospitality AB were advised not to accept a mandatory public offer for their shares on Wednesday, as the company’s independent committee released a statement to markets.
FTSE 250 movers: Premier Oil gushes lower but Stobart stands tall
London’s FTSE 250 was up 0. 1% at 17,512. 24 in afternoon trade on Wednesday, kicking off the new year in muted fashion.
FTSE 100 movers: Miners slump on China data; Next gains ahead of update
London’s FTSE 100 was down 0. 7% at 6,679. 27 in afternoon trade on Wednesday, kicking off the new year in the red following the release of disappointing Chinese data.
Highlands concludes Colorado well completions
Highlands Natural Resources said on Wednesday that its operating partner has successfully concluded completion operations for the six new wells at the East Denver Project and flowback has commenced from three of those six.
Europe midday: Stocks pare losses, China data undermines basic resources and auto shares
Stocks on the Continent are attempting to stage a comeback after a key gauge of manufacturing sector conditions set off a wave of selling at the opening bell.
Richland Resources extends maturity date on loan facility
Australian sapphire producer and gemstones developer Richland Resources has secured an extension of its £400,000 secured convertible loan facility.
Asia report: Markets open 2019 with disappointment
Markets in Asia finished in a sour state on the first trading day of the year, with a number of bourses ending their sessions in the red, after a poor finish to 2018 across the region over the last few days.
London midday: Stocks down but off lows as pound slumps; China data weighs
London stocks had pared losses by midday on Wednesday but the overall tone was still decidedly negative on the first day of trading of 2019, as disappointing Chinese manufacturing data sparked broad-based selling.
US pre-open: Stocks seen down as China manufacturing data dents risk appetite
US stocks looked set for losses on the first day of trading of 2019, taking their cue from a downbeat Asian session as disappointing Chinese manufacturing data dented risk appetite.
Ophir in talks about takeover by Indonesia's Medco
Ophir Energy said it has been approached by Indonesian oil and gas company PT Medco Energi about a potential takeover.
Trump calls for deal to end US federal government shutdown
America's President reached out overnight to Democratic lawmakers to resolve a dispute over funding for extending the border wall with Mexico which had led to a partial shutdown of the US federal government just under a fortnight before.
Train fares rise after year of misery for travellers
Another New Year brought another round of fare increases for rail passengers across Britain on Wednesday, despite the National Rail network suffering its worst performance in 13 years in 2018.
UK manufacturers benefit from stockpiling for no-deal Brexit
UK manufacturers reported an uptick in activity for the last month of 2018 as customers stockpiled to prepare against a potential no-deal Brexit.
JPMorgan cuts Smith & Nephew after outperformance
JPMorgan Cazenove cut its stance on Smith & Nephew to ‘neutral’ from ‘overweight’ on Wednesday, reducing the target price to 1,477p from 1,487p following the stock’s outperformance.
Boku acquisition of Danal goes ahead on New Year's Eve
Independent direct carrier billing company Boku has successfully completed the acquisition of mobile identity and authentication solutions Danal as scheduled, it announced on Wednesday.
Drax completes £702m acquisition of Scottish Power portfolio
Drax Group has completed the acquisition of Scottish Power's portfolio of pumped storage, hydro and gas-fired generation, which comprise the Scottish Power Generation Group and its wholly owned subsidiary SMW, it announced on Wednesday.
Chinese tobacco giant to test Spectra Systems authentication technology
Banknote authentication and security software specialist Spectra Systems Corporation has received the first production order for its patented materials-based smartphone authentication product, ‘TruBrand’, it announced on Wednesday.
Eurozone manufacturing eases as expected in December
Eurozone manufacturing activity eased in December 2018, as expected, according to data released on Wednesday.
Hammerson hits pause on share buyback programme
Hammerson announced on Wednesday that its share buyback programme would be paused, prior to publication of its results for the year ending 31 December, during the closed period.